How to “reconcile“ your 2015 Marketplace premium tax credit

When you file your federal tax return you will need to “reconcile” if you had a 2015 Marketplace health plan and used premium tax credits to lower your monthly payment.

Reconciling can affect either the amount of your refund or the amount of tax you owe.

To reconcile, you’ll compare:

Continue reading “How to “reconcile“ your 2015 Marketplace premium tax credit”

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Only 12 days left to enroll!

its the final countdown-2

Only 12 days left to enroll for 2016 health coverage! Time is running out. Call our office today to enroll before it’s too late! (225) 622-6554.

And now that it’s stuck in your head, listen to “The Final Countdown” here:

Bringing in the new year

Open enrollment will end Jan. 31, 2016. If you would like to change your plan, call our offices to discuss a plan that meets your needs and your budget. We want help you choose the right plan for you!

New Year'sEve party

If you don’t enroll in a  2016 health plan by Jan. 31 2016, you can’t enroll in a plan for 2016 unless you qualify for a Special Enrollment Period.

You may qualify for a Special Enrollment Period if you have:

  • Had a baby and/or adopted a baby
  • Married/divorced
  • Changed jobs
  • Lost previous employer group coverage
  • Lost dependent status
  • Recently moved to a different state
  • Had a change of immigration status

Dec. 15 deadline extended!

Twitter Deadline

The Individual open enrollment deadline has been extended to December 17th at 11:59 PM PST due to consumer demand.

That means you have more time to get coverage that starts on January 1st. We have two more days to get you enrolled!

You must select a plan by December 17th for coverage starting January 1st.

Don’t want to wait on hold? Call our office today. We are here to help at NO COST to you.

(225) 622-6554

trish@insurancelady.com

www.insurancelady.com

If you’ve already completed your enrollment for 2016 coverage, you’re all set and can ignore this message.

Special Enrollment Periods

The 2015 Annual Open Enrollment period has come to a close. Individuals are now limited on when and how often they are able to purchase an individual policy until the next Annual Open Enrollment period begins. Annual Open Enrollment for 2016 is currently scheduled for Nov. 1, 2015 through Jan. 31, 2016.

Individuals may be eligible for a special enrollment period if they experience a qualifying life event. Applicants may apply for coverage either On- or Off- Exchange.

OFF-Exchange Special Enrollment Periods:

To apply for coverage outside of Annual Open Enrollment, individuals must experience a qualifying life event listed below. Unless specifically stated otherwise, a qualified individual or enrollee has 60 days from the date of the triggering event to select a Health Plan.

COMMON QUALIFYING LIFE EVENTS INCLUDE:

  • Marriage
  • Birth or Adoption
  • Divorce
  • Relocating
  • Losing minimum essential health coverage
  • Loss of employer-sponsored health coverage
  • Loss of coverage for a dependent
  • Death of the policy holder
  • Cobra expiration
  • Medicaid or CHIP Expiration
  • Health plan decertified
  • No longer incarcerated
  • Gaining status as a citizen, national or lawfully
  • Change in income that results in an individual determined newly eligible or newly ineligible for tax credits
  • Change in eligibility for cost-sharing reductions
  • Return from active military service

A Special Enrollment Period Authorization Form MUST ACCOMPANY THE INDIVIDUAL APPLICATION for consideration of an off-Exchange special enrollment period. The individual will receive a first-of-the-month affective date following the processing of the application.

ON-Exchange Special Enrollment Periods:

According to Healthcare.gov, individuals may buy a private health plan through the Marketplace outside Annual Open Enrollment only if they qualify for a special enrollment period due to a qualifying life event such as marriage, birth, or adoption of a child, or loss of other health coverage.